Cloudy 1968 Outlook Warns of Tax and Devaluation Risks
The 1968 economic forecast warns of a cloudy year with Vietnam and taxes still influencing policy. A pound devaluation raises uncertainty, with GNP near 840 billion, prices up about 3 percent, and unemployment around 3.75 to 4 percent as Fed actions loom. A peace breakthrough or renewed war could shift momentum and tax debates delay any near-term tax increases.
MENTIONED IN THIS ARTICLE
John Pierson
Washington
UPI
Vietnam
United States
Wilbur D. Mills
D-Ark
House
Ways & Means Committee
Johnson
Federal Reserve Board
FEC
Congress
Britain
Feder! Reserve
William McChesney Martin Jr
Martin
America
Sun. AM
Pressure on Democrats over Gov Connally bid
A reader argues that Texas faces a mess if Connally runs again and praises Preston Smith as a better governor. The writer claims Austin powers fear Smith unopposed and urges acceptance of Smith as replacement for Connally.
MENTIONED IN THIS ARTICLE
John Connally
Texas
Preston Smith
Austin
King John
Foreign News Commentary Stirring Up Trouble in NATO
Western diplomats in Moscow think the Soviet government aims to sow distrust among NATO allies by a word statement on West Germany and to deter Yugoslavia from recognizing Bonn. Prague reports flag political strain for Antonin Novotny as Brezhnev visits. French talks weigh using dollars vs gold after bullion surge. Indonesian hawks press Suharto to curb corruption and seek trial for Sukarno.
MENTIONED IN THIS ARTICLE
Moscow
North Atlantic Treaty Organization
NATO
West Germany
Yugoslavia
Prague
Antonin Novotny
Leonid Brezhnev
Paris
de Gaulle
Israel
U.S
Bank of France
Suharto
Sukarno
Severe Texas storm leaves deaths and widespread travel hazards
A weekend Texas storm dumped snow across Panhandle to West Texas causing power outages in Lubbock and Amarillo, with 60 mph winds and up to seven inches on U.S. 66. Flooded and icy roads forced travelers to seek shelter. three soldiers died near El Paso, two cars collided near Victoria, and a Stanton couple perished from a wall heater fire.
MENTIONED IN THIS ARTICLE
Texas
Panhandle
South Plains
West Texas
Hereford
Lubbock
Tucumcari N.M
Amarillo
U.S. 66
US. 54
Adamne
Sunland Park
N.M
State Line
Fl Paso
Victoria
Stanton
Tex
Wall Street Sees Mixed Short Term Strength and Cautious Outlook
Hutton & Co notes a technically stronger than fundamental near term market with seasonal upside potential and small progress in averages. Paine Webber Jackson & Curtis expects a normal pullback until downside accelerates. Bache & Co forecasts irregularly upward near term with inflation risk and solid early 1968 progress, but uncertain intermediate outlook.
MENTIONED IN THIS ARTICLE
New ‘York
UPD
Hutton & Co
Paine, Webber, Jackson & Curtis
Boumedienne Tightens Hold On Algerian Armed Forces
In Algiers President Houari Boumedienne moves to tighten control of the armed forces following a rebel episode that collapsed on Saturday. In Aden a two man Soviet delegation visits South Yemen for talks on aid and establishing diplomatic relations.
MENTIONED IN THIS ARTICLE
Algiers
UPD
Houari Boumedienne
Aden
UPI
Republic of
South Yemen
Polish Church Denounces Communist Plan to Liquidate Religion
The Polish Roman Catholic hierarchy released a letter accusing the Communist regime in Poland of plotting to liquidate religious life. The statement frames religious liberty as under threat amid growing state pressure.
MENTIONED IN THIS ARTICLE
Warsaw
UPD
Roman Catholic Heirarchy
Poland
Uncertain U S Course on International Payments Imbalance
A report discusses the administration’s approach amid ongoing uncertainty over the nation’s international payments imbalance and how policy choices may affect economic stability and external deficits.
Also Mentioned on This Page
Bucky’s Christmas Caper
Your
By Wally Wood
Bucky
FED
Gardner Ackley
The
National Safety Council
Smokey the Bear
Advertising Council
International Newspaper Advertising Executives
the Childress
Robert FE. Montgomery
Memphis
Hall County
Lance Walker
Melbourne
Alex Rose
Australia
England
UPS
Panhandle, and Weather Bureau
Slaton
Ploydada
Miler-Bowie County
Texarkana
Ft. Bliss
el Paso
Wall Street
Panhandle Congressional District
Gibson's
Gibson
Gibson’s
Ral Bay
Gebhardt
Ghill
Brazil
Gtsnaa
Wapco New
Hie
Young Hen
Ae Oers Ie
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